They do have an allowance for STRs now, but last I heard they may be at the cap. 

@Ned Carey I have over 6 units and I have bought deals with out any money out of my pocket that cash flow month with cap x.

That and the incredibly low cap rate in '22. 

So I just bought a 8 unit building for 1.3 great deal 9.8 cap rate.

HOA $1120 a mo.OPEX $31k, NOI $82k, CAP rate 25%. 

I would say very honest PMs who walked my Indy properties (after the I closed on the homes) or at least knew that neighborhood and an honest construction management company were very helpful - they all said I better add in a lot more reserves to the repairs and cap ex for old Class C.

Typically you'll be dealing with older product - from my experience, the key to capping your downside risk is being able to identify plumbing issues.

Also, if I were paying utilities for a renter, I would cap them at a certain amount per month.

mortgage closing costs: 2 to 5%property value appreciation: 3 to 6%cash on cash return: 2 to 4%cap rate: 4 to 5%rent growth: 3 to 5%rental property expenses growth: 2 to 4%repairs & maintenance cost: 5 to 10%capex: 1 to 3 %Vacancy rate: 4 to 6%Mahalo !

Never took an hour to remove it or an hour to install it. 1. shut off water supply line(turn handle) 15 seconds2. flush toilet 10 seconds3. vacuum and drain water 2 minutes maybe 4 lay out cardboard(from toilet box) put out trash bag5 remove 5/16 nuts one on each side with hollow shaft nut driver 2 minutes6 pick up toilet and place into bag 2 minutes7 clean up old wax ring from flange and inspect flange 2 minutes8 place wax ring 1 minute9 install new flange bolts 1 minute 10pick up toilet and place on new ring if you didn’t ring right maybe 5 minutes 10 tighten down new bolts 2 minutes 11 cut bolts and install caps 2 minutes 12 reinstall water line 1 minute and turn on 13 flush to check for leaks 14 caulk back of toilet seal if you choose 1 minute15 carry away toilet to truck 10 minutes tops. this a 30 minute job.